Primoris

Q1 FY2026 EarningsFY2026 guidance was significantly revised downward due to $900M revenue shortfall and cost overruns in the Renewables business. Renewables revenue is now expected at $2.1B (down 30% YoY from $3.0B in FY25), with GAAP Net Income cut by ~63% at the midpoint to $71.0M-$101.0M. Amidst these headwinds, the COO has departed and the Company secured $2.0B in new Energy segment awards, while executing $50M in share repurchases at $111.29/share.